Steven R. Berlin

Steven R. Berlin appears in our data through filings on Orchids Paper Products CO /DE shares, published by SEC (Form 4). Between 31 March 2006 and 17 May 2017, the trades on record add up to 20 filings.

On the open market, the record shows 13 purchases worth €167k and 3 sales worth €91k. On balance, insiders were net buyers of €76k. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Outside the open market, there are 4 option exercises. Since January 2017: 3 purchases and no sales on the market.

Half of the purchases are above €12k and half below. Clusters matter here: 1 out of 6 purchases overlapped with buying by a colleague within 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase.

On 18 May 2017 came the latest disclosure, an open-market purchase for €12k in Orchids Paper Products CO /DE. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 3 days. The legal deadline for a Form 4 is two business days after the transaction. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.